There is now lots of talk about changing money fund regulations, changing regulatory regimes, and “doing something.” We’re of the opinion that Rule 2a-7 and money funds performed quite well in the recent turmoil and that “stuff happens”. Nobody is to blame for the subprime debacle, other than perhaps some hedge funds and bears that may have started the whole mess with false rumors of money funds “breaking the buck”.
See our discussion of the SEC’s proposals on NRSRO’s at http://www.cranedata.us/news/. We look forward to a lively debate over whether changes are needed.
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